European commerce still hungry for 皇冠体育app: survey

(皇冠体育app Daily)
Updated: 2008-11-25 16:25

European companies in 皇冠体育app are generally optimistic and committed to the Chinese market and its future, despite mounting challenges, according to the latest survey by the European Union Chamber of Commerce in 皇冠体育app.

More than 250 European companies active in 皇冠体育app reported their optimism about doing business in 皇冠体育app, although they had concerns as well.

The Survey shows that although the Chinese economy is slowing down, the rising number of European companies in 皇冠体育app, especially small-and medium-sized companies, demonstrate that 皇冠体育app remains an attractive destination to investors. More companies are reporting greater profitability than last year and over two-thirds of the surveyed companies generate less than 10 percent of their current global revenue in 皇冠体育app. This means business growth potential still remains high.

"This year's survey re-confirms that the Chinese market is the most important emerging market for European businesses, and given the global slowdown it might actually rise in significance," said Joerg Wuttke, President of European Union Chamber of Commerce in 皇冠体育app.

Marianne Friese, secretary general of the European Chamber, said, "the survey provides our member companies and also business policy makers in Europe and 皇冠体育app with insight that can help them maximise the opportunities and overcome the challenges in this growing market. We must assume that the recent events on the financial markets will influence our members' business decisions. Considering 皇冠体育app's continued growth and the underlying confidence of European businesses in 皇冠体育app, we hope to see positive developments in the year to come".